Medinah Mining Inc. (MDHM) Message Board

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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

MDMN 0.0001000

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Nov 7 9:30 AM EST

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To: on parole who wrote (10448)	3/25/1999 8:58:00 AM
From: Jim Gold	Read Replies (3) of 25548

It would appear to me that the question of whether the hill becomes a mine is only relevant when answered by geologists with a stake ie. those working for potential buyers. It is my opinion that Medinah would discontinue the drilling program if they weren't just trying to enhance share value by firming up estimates of what is there before a buyer finally decides that enough is known to risk a buy. I think that buyer interest must already be evident based on the continuation. The earlier the buy offer the lower it would be to justify the "risk." It would seem to me that the success of a low bid would be influenced only by what the majority of the shareholders would be willing to sell at because any early bid would, in reality, be much lower than the company is worth to the buyer. This all brings me to my question. Does anyone have a feel for the cost basis of the majority of the share holders? I have been led to believe that there may be a fair amount of shares that were bought for as much as 2.00 early on.

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